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6/24 SOL Analysis
SOL faces clear short-term pressure: macro factors including a sharp drop in U.S. stocks and stronger PCE weigh on crypto valuations, driving capital to flee to safe havens; on-chain MEME cooling weakens buy-side momentum. The technicals move in tandem with the broader market, selling pressure increases with volume, bears dominate, and price volatility amplifies the downside.
Trading reference: place short positions in the 65 to 66 area, targeting the 59 to 61 range.
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